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CITY COUNCIL AGENDA ITEM BRIEFING SHEET <br />Submittal Date: <br />Originating Department: <br />Presented By: <br />Agenda Item No.: <br />7-18-11 <br />Council Date: <br />City Manager <br />Gene Anderson <br />21. <br />7-25-11 <br />RECOMMENDED MOTION: <br />Move to approvresolution approving a new Lease Agreement between the City of Paris and AGPRO, <br />Inc. for acres of land at Cox Field Airport. <br />POLICY ISSUE(S): <br />Lease <br />BACKGROUND: <br />AGPRO has leased a 400 acre tract of the Airport Property from City of Paris for livestock grazing and <br />dairy farm research facilities for the last 35 years. The original Lease Agreement has expired and the <br />parties desire to enter into a new Lease Agreement of 400 acres located at the Airport Property. <br />BOARD/COMMISSION RECOMMENDATION: <br />EXHIBITS: <br />Resolution <br />ACTION: <br />BUDGET INFO: <br />❑ Financial Report ❑ Minute Order <br />Expense <br />$ <br />❑ Department Report ~ Resolution <br />Budgeted Amt. <br />$ <br />❑ Presentation ❑ Ordinance <br />y'TD Actual <br />$ <br />❑ Public Hearing ❑ Other <br />Acct. Name <br />Acct. Number <br />FISCAL NOTES: <br />REVIEWED AND APPROVED BY: <br />Z Administration Z City Clerk ❑ Community Development ❑ EMS/IT Z Finance ❑ Fire <br />❑ Municipal Court 2 Legal ❑ Library ❑ Police ❑ Eng./Public Works ❑ Utilities <br />City of Paris 3c) Revised 2/04/08 <br />